The bugle of the great festival of democracy i.e. Lok Sabha elections has been sounded. The Central Election Commission announced the dates of Lok Sabha elections on Saturday. The Election Commission said that Lok Sabha elections will be held in 7 phases from April to June across the country. Due to this, the domestic stock market may also be affected and there may be holidays in the market.
Voting dates in Maharashtra
Voting for Lok Sabha seats in the state of Maharashtra will be held in five phases. Is. According to the Election Commission, the voting dates for Maharashtra have been fixed as April 19, April 26, May 7, May 13 and May 20. In the fifth phase, voting will be held in Dhule, Dindori, Nashik, Bhiwandi, Kalyan, Thane, Mumbai North, Mumbai North West, Mumbai North East, Mumbai South, Mumbai South Central, Mumbai North Central and Palghar in Maharashtra. >The market has been closed before also.
Both the major stock markets of the country, BSE and NSE are Mumbai based. Since voting is going to take place in Mumbai on May 20, trading in the domestic stock market may remain closed due to the Lok Sabha elections on May 20. In fact, local governments declare voting day as a public holiday. Due to this, even before
Even before the holiday on May 20, the day of voting, the domestic stock markets Will be closed for many days. There are going to be two holidays in the market in the month of March itself. First, the market will remain closed on 25th March on the occasion of Holi. After that, there will be Good Friday holiday in the domestic stock market on 29th March. The market will remain closed for two days in the month of April also. There will be a holiday for Ramzan on 11th April and Ram Navami holiday on 17th April. There will be no trading in the market on the occasion of Maharashtra Day on the 1st of May. Due to the elections, there is also an impact on the stock market movement. Generally, it is seen that if the attitude of the current government in the elections is to repeat that, then the market gets excited and moves towards new heights. However, when opposite signs are seen, the market takes a dive. After the last phase of voting on June 1, the election results will be revealed on June 4. Also read: SEBI gave relief to FPI, this new update came on instant settlement Get more latest business news updatesThere are still two holidays left this month
Impact on the stock market movement